Quent Capital LLC Decreases Holdings in The Boeing Company (NYSE:BA)

Quent Capital LLC trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,111 shares of the aircraft producer’s stock after selling 122 shares during the quarter. Quent Capital LLC’s holdings in Boeing were worth $197,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BA. Exchange Traded Concepts LLC raised its position in Boeing by 691.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock worth $262,000 after purchasing an additional 1,507 shares during the period. NBC Securities Inc. raised its position in Boeing by 11.7% in the 3rd quarter. NBC Securities Inc. now owns 5,636 shares of the aircraft producer’s stock worth $856,000 after purchasing an additional 592 shares during the period. Prospect Financial Services LLC raised its position in Boeing by 19.6% in the 3rd quarter. Prospect Financial Services LLC now owns 33,385 shares of the aircraft producer’s stock worth $5,076,000 after purchasing an additional 5,467 shares during the period. Crane Advisory LLC raised its position in Boeing by 16.1% in the 3rd quarter. Crane Advisory LLC now owns 2,272 shares of the aircraft producer’s stock worth $351,000 after purchasing an additional 315 shares during the period. Finally, Lynch & Associates IN raised its position in Boeing by 1.4% in the 3rd quarter. Lynch & Associates IN now owns 19,913 shares of the aircraft producer’s stock worth $3,028,000 after purchasing an additional 274 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BA. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Citigroup raised their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday. Robert W. Baird reduced their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Finally, Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Stock Up 3.1 %

Shares of BA opened at $186.04 on Thursday. The company has a market cap of $139.54 billion, a price-to-earnings ratio of -10.16 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10. The company has a 50 day moving average of $173.21 and a two-hundred day moving average of $163.95.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the business posted ($0.47) EPS. On average, sell-side analysts expect that The Boeing Company will post -2.3 EPS for the current year.

Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.